Dubai’s real estate market continues to thrive through the 1st month of summer with the strong demand for off-plan apartments.
1. Total Property Sale Transactions
ALL (off-plan and ready): 10,457
Up 18.5% vs. June-2022
OFF-PLAN: 5,383
Up 22.5% vs. June-2022
OFF-PLAN Apartments: 4,722
Up 57.7% vs. June-2022
2. Total Sales Value
ALL (off-plan and ready): AED 30.4B
Up 34.6% vs. June-2022
OFF-PLAN: AED 13.4B
Up 36.1% vs. June-2022
OFF-PLAN Apartments: AED 11.6B
Which is 86% of all off-plan property sales value
3. Top 5 Areas in Demand for Off-Plan & Ready Property:
Dubai Marina
JVC
JLT
Mohammed Bin Rashid City
Dubai Hills Estate
4. Average Rental Property Prices
Apartments: AED 54K
Up 12.5% vs. June, 2022
Villas: AED 160K
Up 29% vs. June, 2022
Commercial: AED 110K
Up 29.4% vs. June, 2022
*All data is provided by dxbinteract